On Jan. 31, China’s Chongqing Yuzhong District Food and Drug Administration announced that it was partnering with a local blockchain firm, Prime Chain Network, to combat fake and expired prescription drugs.
A group of 11 Indian banks have joined together to create a blockchain-based digital ledger system aimed at improving access to credit for micro-, small-, and medium-sized businesses.
Shut out of the global financial system by U.S. sanctions, Iran is reportedly on the verge of announcing the creation of a national cryptocurrency based on its rial.
Cryptocurrency and blockchain enthusiasts were excited about the announcement this week that President Donald Trump plans to name Office of Management and Budget Director Mick Mulvaney, a longtime supporter of cryptocurrencies and blockchain technology, as his interim White House chief of staff before the end of the year. As a congressman, Mulvaney was a co-founder of the Congressional Blockchain Caucus. When it comes to actually embracing cryptocurrencies, the U.S. has been generally skeptical. As a recent opinion piece in the Harvard Business Review by law firm Jones Day blockchain initiative leaders Stephen J. Obie and Mark W. Rasmussen noted: “Without clear regulations, cryptocurrency innovation in the United States is being stifled.…